bmw sinks r36 billion into electric car factory

BMW AG is doubling its investment at its Hungarian factory to €2 billion (R36 billion), adding a high-voltage battery assembly facility that will create more than 500 jobs.

Locating the battery assembly at the Debrecen plant will help BMW streamline logistics for production of its next-generation electric cars that will use the “Neue Klasse” underpinnings, the carmaker said Friday.

Output for both cars and batteries is scheduled to start by the end of 2025.

The plant in Debrecen is central to BMW’s efforts to take on Tesla Inc., which continues to dominate global electric vehicle (EV) sales.

With its new EV-focused platform, the Munich-based carmaker aims to cut cell costs by half and increase both range and charging speed by 30% compared to current models.

“In Debrecen, we are building the most advanced plant in the world,” said Milan Nedeljkovic, a member of BMW’s board of management. “Our investments underline our systematic approach to implementing e-mobility.”

bmw sinks r36 billion into electric car factory

In Debrecen, the battery cells will be assembled into a metal housing that is then integrated into the underbody of the vehicle.

Construction of the battery assembly facility, which will extend over roughly 140,000 square meters, has already begun.

Separately, China’s Contemporary Amperex Technology Co., earlier signed a €7.3 billion (R130 billion) deal for its second plant making battery cells in Europe, making Hungary an increasingly important hub for electric car making in Europe.

The investment, the country’s biggest ever, is set to supply a range of automakers with plants in close proximity, including Mercedes-Benz Group AG and Stellantis NV.

The world’s biggest EV battery maker is already a supplier to BMW Group from a factory in Erfurt, Germany.

BMW plans to churn out 150,000 vehicles a year at Debrecen, about 124 miles (200km) east of Budapest. The plant will be the carmaker’s first new factory in Europe in over two decades.

Keyword: BMW sinks R36 billion into electric car factory


BMW Considering Even Larger Grilles for Future Cars

Photo: BMW AG If you think BMW’s grilles can’t get any bigger than they are now on select models, you’re wrong. As uncovered by AutoExpress, the German automaker recently filed a patent with the World Intellectual Property Organisation for a new one-piece front fascia that could replace today’s conventional ...

View more: BMW Considering Even Larger Grilles for Future Cars

The E28 BMW 5-Series Showed a Brand Entering its Golden Era

Photo: People love BMW. Or, rather, they seem to love how BMW was from the 1980s up to the mid-aughts. Nowadays, the company is leaning hard into polarizing designs and questionable sales decisions, burning a lot of the enthusiasm people had for the brand. I used to be ...

View more: The E28 BMW 5-Series Showed a Brand Entering its Golden Era

What Is a BMW SAV and What Does It Stand For?

What exactly are SUVs? BMW SAVs and what the class of cars means Key differences between SUVs and SAVs Are you tired of the same old SUVs clogging up the roads? Are you ready for something fresh and exciting? Then you’ll want to check out BMW’s new line of ...

View more: What Is a BMW SAV and What Does It Stand For?

2023 BMW 320i review

The BMW 3 Series is a mid-sized luxury sedan staple. It’s been at or close to the top of its class since the reign of the E30, and the latest G21 is no exception. The pre-facelift model was our pick of the mid-sized sedan crop despite strong competition from the ...

View more: 2023 BMW 320i review

BMW R 18 Goes Café Racer Courtesy Of XTR Pepo And MX911

The Bavarian beaut won Best in Show at the Verona Motor Bike Expo.

View more: BMW R 18 Goes Café Racer Courtesy Of XTR Pepo And MX911

ROAD TEST: Audi Q8 45 TDI vs. BMW X6 M50d vs. Range Rover Sport SDV8

Car reviewsBy: CAR magazine Two premium coupé-crossovers take on a familiar, boxier favourite… Arguably the original coupé-styled SUV (or sport activity vehicle in BMW speak), the first-generation X6 was revealed at the 2008 Detroit Auto Show. The SAV added some flavour to the firm’s X-badged line-up. The Munich-based manufacturer ...

View more: ROAD TEST: Audi Q8 45 TDI vs. BMW X6 M50d vs. Range Rover Sport SDV8

BMW Group: Expansion of e-component production in Leipzig: First cell coating line for battery modules goes on stream

BMW M3 Touring review

Overview What is it? Why has this car created such a fuss? How fast is it? Tell me more key numbers.  Surely there’s one you’ve forgotten? What’s the verdict? Audi RS4 Avant Mercedes-Benz AMG C63 Porsche Taycan Sport Turismo Driving What is it like to drive? What does it ...

View more: BMW M3 Touring review

2024 BMW X5 Facelift Debuts February 7: Report

BMW XM Label Red Is A "Preliminary Entry" For 2023 Pikes Peak Hill Climb

BMW M5 With Supercharged 730-HP V10 Hits 210+ MPH On Autobahn

BMW Recalls Some I4 And IX Models Because Their Noise Generators Might Malfunction

BMW X5 xDrive30d M Sport: Good luxury bargain

BMW M4 CSL Coupe (G82) Drive Review : Buzz Light-Yeah! [COTY2022]

Meet the Mazda CX-90: Ultra-premium flagship puts BMW X7 and Audi Q7 on notice

Beefing up the beast: Touratech BMW R1250GS is ready for anything

2023 Audi A4 vs. BMW 3 Series: Comparing Affordable Luxury Sedans

BMW recalls over 3,000 EVs for faulty pedestrian noisemaker

BMW USA Expects To Triple EV Sales In 2023 As New Models Arrive

Pre-owned luxury cars under RM150k - what are your options?


; Kênh kiến thức kỹ năng, phát triển bản thân, hướng nghiệp, blog nhân sự